Wired got a hands on with the mysterious Saygus Vphone, that popped up over at the FCC back in November. They say the Android phone is capable of making video calls—even over EDGE.

Saygus CEO Chad Sayers told Wired that the company developed a proprietary video algorithm for the CDMA handset that allows them to transfer video data at 18-22 frames per second over EDGE and up to 30 fps over 3G. Sayers also said that 10,000 minutes of video conferencing would only take up 5 gigabytes of bandwidth.

As for specs, the Vphone has a 3.5-inch screen, a 624 MHz Marvell processor, and a 5-megapixel camera with autofocus and flash. Wired says the phone looks and feels like the droid, but with a better keyboard. And apparently the Vphone is in carrier testing (possibly Verizon?). [Wired]